Fulton Breakefield Broenniman LLC Has $229,000 Stock Position in NVR, Inc. (NYSE:NVR)

Fulton Breakefield Broenniman LLC raised its holdings in NVR, Inc. (NYSE:NVR) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28 shares of the construction company’s stock after buying an additional 3 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in NVR were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVR. Perigon Wealth Management LLC acquired a new position in NVR during the fourth quarter valued at approximately $234,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in NVR by 1.4% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,399 shares of the construction company’s stock valued at $19,621,000 after acquiring an additional 34 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in NVR by 6.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 47 shares of the construction company’s stock worth $384,000 after purchasing an additional 3 shares during the last quarter. Bennett Selby Investments LP lifted its position in shares of NVR by 32.8% in the 4th quarter. Bennett Selby Investments LP now owns 81 shares of the construction company’s stock worth $662,000 after purchasing an additional 20 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of NVR by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock worth $294,000 after buying an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 4.0 %

Shares of NVR opened at $8,050.63 on Wednesday. The firm has a market cap of $24.67 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The business has a 50-day moving average of $8,497.43 and a 200 day moving average of $8,892.97. NVR, Inc. has a fifty-two week low of $6,999.44 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 38.20% and a net margin of 16.51%. As a group, research analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its board has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, UBS Group lowered their target price on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average target price of $9,531.67.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.